Activist investor Irenic Capital Management, which holds 2% of News Corp’s Class B shares, has suggested a spin-off of the media company’s digital real estate business or Dow Jones as an alternative to its...
ENIL buys significant minority stake in music platform Spardha
Entertainment Network India Ltd (ENIL), which operates leading FM radio brand Mirchi, has acquired a significant minority stake in music e-learning startup Spardha, in a bid to strengthen its digital transformation as a...
SEBI approves Adani Group’s open offer for 26% shares of NDTV
Markets regulator Sebi on Monday approved Adani Group’s open offer to buy an additional 26% stake in broadcaster New Delhi Television Ltd, a takeover attempt that has raised concerns over eroding press freedom in...
NDTV puts on hold proposed sale of 20% stake in Astro Awani Network
New Delhi Television (NDTV) on Friday said that the company and its subsidiary NDTV Networks have put on hold the proposed sale of its 20 per cent stake in Astro Awani Network, a media company based in Malaysia...
Zee-Sony to sell off Big Magic, Zee Action and Zee Classic to address CCI’s merger concerns
Broadcasting networks Zee Entertainment Enterprises (Zee) and Culver Max Entertainment (erstwhile Sony Pictures Networks India) have agreed to hive off three Hindi channels—Big Magic, Zee Action and Zee Classic—to allay...
Meta accepts UK order to sell Giphy after antitrust battle
Britain’s competition regulator ordered Facebook owner Meta to sell animated-images platform Giphy after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in...
Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr
Invesco Developing Markets Fund, which has a 10.14 per cent stake in Zee Entertainment, will sell half of its stake in the company in a block deal on Tuesday, sources told Business Standard. Invesco holds the...
Sebi moves Supreme Court against SAT ruling in NDTV matter: Sources
The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) against a ruling by the Securities and Appellate Tribunal (SAT) in a matter pertaining to change of control at New Delhi Television...
Dish Network chairman-backed SPAC in talks to buy wireless business unit
Blank-check firm CONX Corp, backed by Dish Network Corp Chairman Charles Ergen, said on Wednesday it has begun preliminary discussions to acquire Dish’s retail wireless unit, Boost Mobile. The special-purpose...
Spotify acquires firm that detects harmful content
Audio-streaming service Spotify Technology SA said it had acquired Kinzen, a firm that has helped it identify harmful content on the platform. The acquisition is part of Spotify’s efforts to deal with harmful content on...
Bertelsmann’s RTL scraps plan to sell stake in French TV Group M6
Bertelsmann’s RTL Group has scrapped a plan to sell its controlling stake in French TV group M6, the Luxembourg-based media group said on Monday, confirming a Reuters report. Dropping the sale of RTL’s 48.3%...
Kuku FM raises $21.8 mn series B1 funding from Fundamentum Partnership
Audio streaming start-up Kuku FM has raised $21.8 million in series B1 funding led by The Fundamentum Partnership. Along with new investors Fundamentum and Paramark, existing investors KRAFTON, Inc, 3one4 Capital...
